The broker was a school friend of the borrower. They had not seen each other for 20 years but rekindled their friendship a year before the loan. The borrower was a truck driver prior to which he had...

This involved a loan of $224,000 by way of first mortgage over the home unit of a borrower who was 74 years old, could not speak English, and who’s only apparent source of income was an aged persons...

In this case the son borrowed on his non-English speaking parent's house to invest in the short term loan market. The money was lost and the lender sought possession of the house. The parents sought...